PM Barrow is back in Belize fully recovered
December 11, 2016
Breaking: Police officer detained for Human trafficking
December 11, 2016

Belize gets US $10 Million loan for SIF

Posted: Sunday, December 11, 2016. 2:39 p.m. CST.

belize dollars

By BBN Staff: The Social Investment Fund (SIF) is the latest benefactor of a US $10 million dollar loan from the Caribbean Development Bank (CDB).

According to reports, the loan is to allow for SIF to extend it services.

Those services include the financing of social and economic infrastructure, social services and organizational strengthening sub-projects in poor rural communities.

According to the CDB, this loan aims to support the achievement key outcomes: increased gender-equitability, inclusive access to climate-resilient infrastructure and quality basic social services in poor and vulnerable communities.

The cost of this rural project is estimated around US$12.5 million. However, the Government of Belize will be providing US$2.5 million towards the project.

The Belize Social Investment Fund (BSIF) was established in 1996 for promoting, appraising, financing and supervising the implementation of small and medium-sized sub-projects designed to benefit underserved communities.

© 2016, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.

 

Comments

[email protected]
[email protected]
Patrickjonesbelize.com is a Belizean online news agregator and blog that is owned by the Belize Media Group. The site offers breaking news, blogs, and original content and covers politics, business, entertainment, environment, technology, popular media, lifestyle, culture and local news on Belize.

1 Comment

  1. Mike G. says:

    And once again the U.S.shows sound generosity. What would this country have if it weren’t for Uncle Sam? Our past inept governments have ruined our economy, failed to provide education & health, allowed crime to get totally out of hand, neglected our infrastructures,and stolen from us at every opportunity. Time for a change.

Leave a Reply

Your email address will not be published. Required fields are marked *